Stock jumps 55% from February low amid strong order book growth, massive expansion plans, and rising clean energy demand
Shares of Premier Energies continued their sharp upward rally on Tuesday, rising nearly 4 per cent during intraday trade despite weakness in broader equity markets. The renewable energy stock touched ₹1,024.75 on the BSE and has now surged around 55 per cent from its 52-week low of ₹660.80 recorded in February 2026.
The strong rebound has pushed the stock closer to its 52-week high of ₹1,135, highlighting growing investor optimism around India’s rapidly expanding solar energy sector and the company’s aggressive manufacturing expansion strategy.
Institutional Investors Step In After Promoter Stake Sale
Investor confidence remained firm even after promoters sold a 5.3 per cent stake in the company through block deals worth approximately ₹2,413 crore.
According to exchange data, promoter group members including Surenderpal Singh Saluja, Manjeet Kaur Saluja, Jasveen Kaur Saluja, and Charandeep Singh Saluja sold shares at ₹955 apiece.
Despite the large transaction, strong participation from institutional investors helped maintain positive market sentiment.
Key institutional buyers reportedly included:
- Quant Mutual Fund
- Edelweiss Mutual Fund
- Smallcap World Fund
- Nomura India Investment Fund Mother Fund
- Beekeeper Capital
Analysts believe the strong institutional demand reflects confidence in the long-term growth potential of India’s renewable energy manufacturing ecosystem.
West Asia Conflict Boosts Renewable Energy Focus
The ongoing geopolitical tensions in West Asia are increasingly strengthening the global shift towards renewable energy as countries attempt to reduce dependence on fossil fuels and improve energy security.
Premier Energies management said the current global environment is likely to create a major long-term demand opportunity for solar energy companies.
According to the company, India added nearly 45 gigawatts of solar installations during FY26 in AC terms, representing an impressive 87 per cent growth over FY25. Total module demand in the country is estimated to have reached nearly 60 gigawatts during the year.
The company said demand momentum remains strong across all segments despite concerns regarding transmission bottlenecks and slower project tendering activity.
Order Book Expands 66% Year-on-Year
Premier Energies reported a strong business pipeline with its order book rising 66 per cent year-on-year to ₹14,010 crore.
The management stated that the expanding order book reflects sustained demand growth and increasing adoption of solar energy solutions across utility-scale, commercial, and industrial segments.
Industry experts believe India’s ambitious renewable energy targets and rising corporate clean energy adoption are driving long-term growth opportunities for integrated solar manufacturers.
Aggressive Capacity Expansion Underway
Premier Energies is aggressively scaling up manufacturing capabilities to capitalise on India’s solar growth opportunity.
The company revealed that:
- Module manufacturing capacity will expand to 11.1 gigawatts
- Solar cell manufacturing capacity will rise to 10.6 gigawatts shortly
These expansions are expected to position the company among India’s largest integrated solar cell and module manufacturers.
Management also announced plans to invest nearly ₹5,100 crore during FY27 across:
- Solar cell production
- Ingot and wafer facilities
- Battery storage systems
- Inverter manufacturing
Analysts believe increased backward integration could improve operational efficiency and reduce dependence on imported solar components over time.
Government Policy Supports Domestic Manufacturers
Brokerage firm Elara Capital remains optimistic on solar equipment manufacturers following supportive government policy measures.
The Ministry of New and Renewable Energy (MNRE) recently retained the June 1, 2026 deadline for Approved List of Models and Manufacturers (ALMM) List-II implementation for net-metering and open-access solar projects.
The policy is expected to accelerate domestic manufacturing by shifting demand from imported Chinese solar cells towards Indian manufacturers.
Analysts estimate India’s ALMM-approved solar cell manufacturing capacity could rise from around 27 gigawatts currently to nearly 150 gigawatts by FY30.
India’s Solar Industry Enters High-Growth Phase
India’s total solar power capacity is projected to grow from nearly 154 gigawatts currently to around 364 gigawatts by FY32, creating massive long-term opportunities for solar equipment suppliers.
Market experts believe integrated renewable energy companies like Premier Energies stand to benefit from:
- Rising government renewable energy investments
- Local manufacturing incentives
- Strong domestic demand growth
- Corporate sustainability targets
- Global energy transition trends
However, analysts caution that rapid industry-wide capacity expansion and intensifying competition may pressure long-term margins even as sector growth remains strong.